Auto Supplier Venture: Money Diverted Before its Bankruptcy
One of Michigan’s largest private corporations has taken the extraordinary action of suing the man who founded it, saying he, his family and side businesses owned by them siphoned more than $314 million from the corporation before it declared bankruptcy.
ATK Names Dan Belling President
Dan Belling, vice president of sales and marketing for ATK North America, has been promoted to the position of president. As president, Belling will be responsible for all of ATK’s U.S. operations. ATK North America is part of the VEGE Group, an international remanufacturing organization specializing in replacement engines and transmissions for passenger cars and light trucks.
High Price of Steel Leaves Consumer Feeling the Squeeze
The price of steel has risen substantially over the past few months, and many suppliers to the auto industry are feeling squeezed because they are big buyers of steel, according to a new study conducted by Frost & Sullivan consulting firm.
Sorensen Appointed to Hella Inc. Board of Directors
Automotive aftermarket lighting and component specialist Hella Inc. has named Soren Sorensen to its board of directors. Sorensen, vice president of special OEM sales, has been involved with Hella products for more than 25 years and has led Hella’s sales efforts in a number of positions.
Process Performance Metrics
In the previous two installments, we discussed the process enterprise and how it is created in an organization. Last issue in particular, we identified that one of the key roles of the process owner is to identify important dimensions of process performance and establish appropriate measures. This week we’ll talk about key differences between traditional measures of performance and the new measures needed in a process enterprise.
American Axle CFO Robin Adams Rejoins BorgWarner
Former American Axle and BorgWarner exec Robin Adams has rejoined the company to take on the positions of executive vice president, chief financial officer (CFO) and chief administrative officer. Adams replaces William Cline who has been serving as acting CFO for the company.Adams most recently served as executive vice president of finance and CFO for American Axle and Manufacturing. Prior to that he was with BorgWarner for 13 years, serving as vice president and treasurer from 1993 to 1999.
DST Asks: Have You Explored the Benefits of Formless Printing Technology?
Many firms throughout the supply chain have discovered the benefits and enormous payback of investing in formless printing technology (formless printing eliminates the requirement for costly preprinted forms, such as invoices). Have you explored the potential ROI benefits that formless printing could provide your business within months of implementation? Have you further explored the potential benefits of direct electronic communication of formed documents via e-mail or e-fax?
California Legislators to Attend Car Care Month Event in Sacramento
ASC, CAWA and NASCAR will join AAIA in recognizing April as National Car Care Month at a special event for California legislators, local media and area aftermarket representatives. A reception and private showing of the new “Experience NASCAR” movie at the IMAX theater near the state capitol is scheduled for April 13.
Delco Remy Named Advance Auto Parts’ Vendor of the Year Award
Delco Remy International, a global manufacturer and remanufacturer of automotive, powertrain, drivetrain and electrical products, has been named Vendor of the Year for 2003 by Advance Auto Parts. Delco Remy supplies Advance Auto Parts with both domestic and import rotating electrical products.
Aftermarket eForum to Feature Data Warehouse Panel
The Aftermarket Auto Parts Alliance will be featured in a panel discussion at the 2004 Aftermarket eForum which takes place August 2-4 in Chicago. Dick Morgan, president and CEO of the Aftermarket Auto Parts Alliance, will lead a panel that will explore the challenges and rewards of developing a data warehouse to share sales and inventory information among participating suppliers and warehouse distributors.
Tom Lindberg Named President, CEO of Interdynamics; Company Named Advance Auto Parts Vendor of the Year
Tom Lindberg, former vice president, International for Honeywell’s Automotive Consumer Products Group, has been tapped to lead Interdynamics as president and CEO. Interdynamics manufactures mobile A/C and compressor products. Tom Lindberg, former vice president, International for Honeywell’s Automotive Consumer Products Group, has been tapped to lead Interdynamics as president and CEO. Interdynamics manufactures mobile A/C and compressor products.
Right to Repair Act Sponsors Grow to 90
Another legislator has added his name to the growing list of proponents for the Motor Vehicle Owners’ Right to Repair Act, H.R. 2735. Rep. John P. Gingrey, R-Ga., has agreed to support the bill, taking the total number of cosponsors to 90. The legislation would ensure that the independent aftermarket has affordable and effective access to the service information and tools needed to compete with new car dealers for the repair of late model vehicles.